Today's nuggets.

Iran has agreed in principle to dispose of its highly enriched uranium and not pursue a nuclear weapon, a senior Trump official said Sunday. Final deal language and sanctions relief are still being negotiated, so nothing is signed yet. Oil is down further this week on the progress — Brent has fallen more than 8% since peace talks began.

Pope Leo XIV released his first encyclical today — a 235-page document arguing AI must serve humanity, not concentrate power or fuel war. He unveiled it in person at the Vatican alongside Chris Olah, co-founder of Anthropic. It's the first time a pope has personally presented an encyclical to the world.

Anthropic is set to close a $30B+ funding round this week at a valuation above $900 billion — which would make it the most valuable AI startup in the world, overtaking OpenAI's $852B March valuation. Sequoia, Dragoneer, Altimeter and Greenoaks are each putting in around $2 billion. Anthropic hit $10.9B in Q2 revenue and is projected to post its first ever operating profit.

The UK, France, Italy, Spain and Canada blocked a NATO proposal that would have forced all members to send Ukraine at least 0.25% of GDP in military aid each year. NATO Secretary General Rutte admitted the plan won't move forward without consensus. Poland, the Netherlands and the Baltic states backed it — the split shows fractures in NATO's Ukraine support ahead of the Ankara summit.